Shiba Doge Hybrid (SHIDOGE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Shiba Doge Hybrid (SHIDOGE), a new Solana memecoin that was launched today, is poised to explode over 8,000% in price in the coming days.
This is because SHIDOGE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Shiba Doge Hybrid (SHIDOGE) can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Shiba Doge Hybrid (SHIDOGE) could become the next viral memecoin.
To buy Shiba Doge Hybrid on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for SHIDOGE by entering its contract address – 797CmcxqkLZaSjMd7MdyNZ9swuSzaGdYWkJ65jehiXWa – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SHIDOGE.
Today’s market sees a downturn in the value of Ethereum‘s Ether token, largely influenced by negative developments within the cryptocurrency sphere.
As of May 7, the price of Ether fell to $3,022, marking a decline of around 6.20% from its previous day’s peak.
This downward trend is not isolated to Ether; Bitcoin also experienced a similar fall of approximately 4% during the same period.
A significant factor contributing to this decline is the uncertainty surrounding the U.S. Securities and Exchange Commission’s (SEC) handling of a proposed Ether exchange-traded fund (ETF).
The SEC has postponed its decision regarding the ETF application by Invesco and Galaxy Digital to July 2024.
The delay is due to the SEC’s need for more public comments and to consider further regulatory aspects before allowing trading on the Cboe BZX Exchange.
This comes at a time when the SEC is scrutinizing Ethereum more closely, especially after its shift from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism.
SEC Chairman Gary Gensler hinted that staking mechanisms in cryptocurrencies could meet the criteria set by the Howey test to classify as securities.
The postponement dampens potential price boosts that might have resulted from increased institutional investment through the ETF.
Another blow to the cryptocurrency market came with the SEC issuing a Wells notice to Robinhood on May 6, regarding potential securities violations in its cryptocurrency operations.
READ MORE: Sui Network Addresses Token Supply Concerns, Asserts Transparency and Third-Party Oversight
This notice could signal upcoming enforcement actions, fostering a climate of regulatory uncertainty that may affect Ether and other digital currencies adversely.
Ether’s current price movement also aligns with a technical correction phase, entering what is known as the “sell-off zone.”
This area includes both a descending trendline resistance and Ether’s 50-day exponential moving average, which have historically capped its price rises.
Despite these challenges, technical analysis suggests that Ether’s market outlook could still be bullish.
It’s recognized within a falling wedge pattern—a setup that often precedes upward price movements once the upper trendline is breached.
If Ether breaks above this boundary, it might ascend to between $3,640 and $4,115 during May.
However, if the price breaks below the pattern’s lower trendline, it could invalidate the bullish scenario, potentially dropping to around $2,780, aligning with its 200-day exponential moving average and the 0.5% Fibonacci retracement line.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Zombie Coin (ZOMCOIN) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Zombie Coin (ZOMCOIN), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Zombie Coin presents a similar opportunity.
Zombie Coin has market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,000% in the coming two days, and Zombie Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Zombie Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Zombie Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Zombie Coin by entering its contract address – FbkoYsCAPbcyJkSoqXTxDKKoGQrYoqgtdLf9GBEqy2vr – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ZOMCOIN.
Bitcoin exchange inflows have plummeted to levels last seen nearly a decade ago, according to recent data from the on-chain analytics platform CryptoQuant.
Daily BTC inflows have been decreasing significantly since the cryptocurrency’s peak price of $73,800.
As of April and May 2024, major cryptocurrency exchanges are recording some of the lowest daily inflows in ten years.
On April 20, only 8,400 BTC entered exchanges, a number reminiscent of times when Bitcoin was priced under $1,000 per coin.
CryptoQuant monitors a substantial number of spot and derivative exchanges to gather these insights.
This trend signifies a major shift in investor behavior, indicating a newfound reluctance to position Bitcoin for quick sales on exchanges.
Institutional interest in Bitcoin has been growing, suggesting the dawn of a new era in cryptocurrency investment.
Despite the price’s recent volatility, including a drop to $56,500 last week, the desire to increase Bitcoin holdings remains strong, according to reports from Cointelegraph.
READ MORE: Bitfinex CTO Dismisses Hacking Claims as “Fake” amid Data Breach Concerns
Market analysts continue to keep a close eye on Bitcoin whales—investors who hold large amounts of BTC.
CryptoQuant contributor Mignolet noted that whales, particularly those holding between 1,000 to 10,000 BTC, have been largely inactive in terms of selling during the current market uptrend.
“Whales may not be willing to sell yet as the cycle has not ended,” Mignolet explained, highlighting a potential increase in over-the-counter (OTC) market activities that could absorb significant sell volumes without requiring deposits into exchanges.
Checkmate, a pseudonymous lead on-chain analyst at Glassnode, expressed skepticism about the practice of “whale watching.”
He suggested that many of the large wallets being tracked might be linked to entities like ETFs rather than individual high-stake investors.
“There will be some actual whales yes…but as both buyers and sellers. Not once have I seen true alpha extracted from whale watching,” he stated on social media platform X.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK), and Dogecoin (DOGE) made astronomical returns, and Andrew Tate Coin (ANDTATE) presents a similar opportunity for a limited time.
Andrew Tate Coin (ANDTATE), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
ANDTATE will be listed on MEXC, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Andrew Tate Coin.
Currently, Andrew Tate Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy ANDTATE on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Andrew Tate Coin by entering its contract address – Cp7qyqdzXAqF7fqKXzS8LwTE7JQvh2V3vYGnDdx6j4ii – in the receiving field.
ANDTATE currently has a market cap of just under $20,000, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Arthur Hayes, co-founder of BitMEX, believes the next few months present a prime time for cryptocurrency investment, particularly for those with disposable fiat money.
In an interview with Cointelegraph, Hayes emphasized, “Those people who have fiat and extra cash that want to allocate to crypto, this is the perfect opportunity to do so.”
He sees the current stagnant market conditions as a golden chance to buy before the expected uptrend in the crypto market.
He attributes the anticipated rise in Bitcoin and other cryptocurrencies later this year to inflationary monetary policies.
Hayes suggests that these policies will play a central role in driving the market upwards.
READ MORE: Sui Network Addresses Token Supply Concerns, Asserts Transparency and Third-Party Oversight
He states, “Major economies around the world are going to print even more money between now and, say, the next 18 to 24 months,” signaling potential inflationary pressures that could increase the value of decentralized digital currencies like Bitcoin.
Furthermore, Hayes argues that the forthcoming United States presidential elections will act as a bullish catalyst for the cryptocurrency market.
He believes that financial authorities in the U.S. will likely adopt looser monetary policies to aid President Joe Biden’s reelection campaign.
Such actions, according to Hayes, will mirror past trends where monetary expansion was linked to rallies in the crypto market.
He explains the process by which governments can influence the economy and, by extension, the crypto market: “When you control the purse of the government, it’s very easy to do so by printing money, borrowing it, and handing it out to people in various forms.”
This method of monetary manipulation historically correlates with increases in the cryptocurrency market, suggesting a similar outcome could occur in the upcoming election cycle.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Bitcoin (BTC) saw a resurgence above the $64,000 mark on May 7 as it experienced significant liquidity on both sides of the order book.
This upward movement was identified from data provided by Cointelegraph Markets Pro and TradingView, which showed BTC escalating from a low of $62,864 at Bitstamp earlier in the day.
The currency remained within a trading range that had been established since May 3. Despite this, the price fluctuations were rapid, creating a volatile environment that led to the liquidation of positions in both directions.
The late trading hours saw a focus on bid liquidity near $63,500 before Bitcoin reversed direction, targeting a more substantial liquidity pool roughly $1,000 higher, as per the data from CoinGlass.
Daan Crypto Trades, a recognized trader, commented on the behavior seen over the weekend, specifically the closure of the CME futures gap.
“Took some hours after the futures re-open but got there on Monday which is something we tend to see quite often,” he mentioned, discussing the patterns observed.
Another trader, Skew, pointed out several crucial levels that should be monitored going forward.
He noted, “Price currently still chopping around $64K,” in his latest market analysis, adding the importance of trading the monthly open and $61K as significant demand markers in the market, with a high timeframe pivot at $67K.
The recovery from recent two-month lows around $58,000 also marked a notable divergence from the 2021 bull market trend, when Bitcoin first reached similar levels.
READ MORE: Bitfinex CTO Dismisses Hacking Claims as “Fake” amid Data Breach Concerns
This difference was attributed to strong spot buyer demand, as emphasized by Skew.
Regarding the ETF market, the narrative around U.S. and Hong Kong Bitcoin exchange-traded funds (ETFs) turned bullish.
On May 6, the day before the price surge, U.S. spot Bitcoin ETFs, including the Grayscale Bitcoin Trust (GBTC), witnessed substantial inflows.
Data from Farside, a UK-based investment firm, revealed positive inflows totaling $217 million across all 10 spot ETFs.
This influx marked GBTC’s first day of positive inflows since its conversion to an ETF.
The stability of inflows into the newly launched Hong Kong spot ETFs was also highlighted, with “very stable volume-wise with consistent $8-9 million,” as noted by popular commentator WhalePanda.
He further added, “As long as inflows stays positive here the supply is getting scooped up so overall quite bullish.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Solana Slerf (SOLSLERF) could become a viral memecoin, like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE).
Solana Slerf (SOLSLERF), a Solana memecoin that was launched this week, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Solana Slerf presents a similar opportunity.
Solana Slerf has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 9,000% in the coming two days, and Solana Slerf could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Solana Slerf can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Solana Slerf on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Solana Slerf by entering its contract address – D2R7sKwPNpWGtEfMJiLVe5G2ZJbExnk98PEft2dhyCrL – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SOLSLERF.
Lisk, a key player in the Layer 2 blockchain arena and part of the Optimism Superchain, has announced a strategic collaboration with Obligate, a Swiss-based on-chain capital markets platform known for its innovative financial services on the blockchain. This partnership marks a significant step for both entities as they leverage Lisk’s network to enhance decentralized financial services, particularly in emerging markets.
Obligate will operate on Lisk L2, which is celebrated for its high efficiency, speed, and scalability. This integration is underpinned by Ethereum within the Optimism Superchain framework, ensuring robust security and performance. The primary aim of this collaboration is to empower businesses in emerging markets by offering easier access to capital solutions through blockchain technology, thereby bypassing traditional banking hurdles like high interest rates and intermediaries.
Dominic Schwenter, CPO of Lisk, expressed his enthusiasm about the partnership, stating, “Lisk has consistently led the way in making blockchain technology accessible, focusing specifically on solving real-world problems in emerging markets. Integrating Obligate’s platform with Lisk not only promotes financial inclusion but also pioneers advanced solutions for real-world assets (RWA) and off-chain assets (OCA). This deployment is a crucial step towards our goal of introducing the next billion people to the Web3 ecosystem.”
Echoing Schwenter’s sentiments, Benedikt Schuppli, co-founder of Obligate, highlighted the synergy between Lisk L2’s capabilities and Obligate’s mission. “Lisk L2’s design to support real-world applications and assets aligns perfectly with Obligate’s mission to offer secure and regulated blockchain solutions. Our partnership will provide robust, efficient, and transparent financial options to the regions most in need, and we are eager to witness the positive impacts of our joint efforts.”
The deployment of Obligate on Lisk L2 holds particular significance for its potential to transform how businesses utilize real-world assets for funding. By streamlining the access to capital, Lisk L2 and Obligate aim to enable businesses to leverage their physical assets more effectively, fostering economic growth and stability in challenging markets.
This collaboration not only utilizes Lisk L2’s technological advantages, such as enhanced scalability and improved user experience, but also sets a precedent for adopting blockchain solutions in markets with diverse technological infrastructures.
Recent revelations have surfaced regarding the interactions between Nigerian officials and Binance representatives, implicating that Nigerian authorities attempted to pressure Binance into an undisclosed settlement paid in cryptocurrency.
These events reportedly transpired during meetings early in 2024.
Binance’s CEO, Richard Teng, has spoken out about the situation, specifically addressing the ongoing detention of Tigran Gambaryan, a former agent of the United States Internal Revenue Service and the current head of Binance’s financial crime compliance team. Gambaryan was detained in Nigeria while on a business trip.
According to Teng, this incident marks a concerning precedent as it reflects the potential risks global companies may face when operating internationally.
Teng’s statement condemned the Nigerian government’s approach, claiming it set a “dangerous new precedent for all companies worldwide” following the detainment of Gambaryan and another employee.
He narrated how Binance made efforts to engage positively with Nigerian officials, participating in regulatory discussions and collaborating with law enforcement to address any concerns transparently.
The matter escalated after Binance was invited to a public investigative hearing by the chairman of the House of Representatives Committee on Financial Crimes (HCFC).
Despite being prepared to address any allegations in a public forum, Teng noted that the details of the accusations were not provided to them, leading to their request to respond in writing, a proposal still pending response from the committee.
Amidst these discussions, Binance personnel were approached by unidentified individuals offering to settle the allegations secretly using cryptocurrency, demanding a substantial payment within 48 hours.
READ MORE: Sui Network Addresses Token Supply Concerns, Asserts Transparency and Third-Party Oversight
Teng disclosed that their local legal counsel was presented with these terms by an agent of the HCFC, emphasizing the secretive and urgent nature of the deal. Binance declined the offer and continued to seek a diplomatic resolution to the matter.
Following the refusal, further meetings were arranged involving representatives from various Nigerian governmental bodies, including the National Security Adviser’s office and the Central Bank of Nigeria, among others.
Despite the complexity of the situation, Teng stated that Gambaryan and Nadeem Anjarwalla, head of Binance Africa, were assured of their safety for these meetings.
However, the situation worsened when Nigerian officials detained Gambaryan and Anjarwalla, confiscated their passports and phones, and demanded that Binance comply with specific requests, including delisting the Nigerian naira from their platform.
In response to the escalating demands and the continued detention of its employees, Binance has temporarily shut down certain services in Nigeria, hoping to secure their release and resolve the situation amicably.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.